Homework Answers
| Cash Flow Statement | |||
| Indirect Method | |||
| Cash flow from Operating Activities | |||
| Net Income | $ 75,500 | ||
| Adjustments | |||
| Depreciation | $ 268,000 | ||
| Change In current assets & Liabilities | |||
| Increase in Accounts Receivable | $ (106,000) | ||
| Increase in Inventories | $ (26,000) | ||
| Decrease in Prepaid Expenses | $ 27,500 | ||
| Increase in Accounts payable | $ 328,000 | ||
| Increase in Accrued Expenses | $ (28,400) | ||
| Total Adjustments | $ 463,100 | ||
| Net Cash from operating activities | $ 538,600 | ||
| Cash flow from Investing Activities | |||
| Decrease in Investments | $ 14,500 | ||
| Increase in Plant and Equipment | $ (530,000) | ||
| Net Cash used in investing activities | $ (515,500) | ||
| Cash flow from Financing Activities | |||
| Increase in Bonds Payable | $ 121,000 | ||
| Preferred Stock Dividend | $ (10,000) | ||
| Common Stock Dividend | $ (174,000) | ||
| Net Cash from financing activities | $ (63,000) | ||
| Net Increase in cash | $ (39,900) | ||
| Cash, beginning of the year | $ 146,000 | ||
| Cash, ending of the year | $ 106,100 |
b. Book Value per common share = (Total Equity - Preferred
Stock) / Common stock outstanding
20x1 = ($1969800-90000) / 150000 = $12.53 per share
20x2 = ($1861300-90000) / 150000 = $11.81 per share
c.
Market Value of share = $11.81 x 3.3 = $38.97
Earning per share = $0.44
P/E Ratio = Market Price / EPS
= $38.97 / 0.44 = 88.57 times
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please help me complete this exercise.
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please i need help completing this table thank you
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